Monzo Investments ISA transfer incentives terms
Introduction
These terms and conditions are between you and Monzo Bank Limited (Monzo/us/we), and apply to the ISA transfer bonus offer launched in March 2026. You agree to them when you opt-in to the offer in the app.
These terms apply alongside the terms for Monzo Investments, which you can find in the ‘Documents’ section of your Investments Account in the app. If these terms and your Monzo Investments terms contradict one another, then these terms will apply for the part where there is a contradiction.
This is for a limited time only
You need to ‘opt in’ to the ISA transfer bonus offer in the app to be eligible to receive a bonus when your ISA transfer completes. This offer is only available for a limited time, and when it’s no longer available we’ll remove the option to ‘opt-in’ from the app. We don’t have to tell you before we do that.
Transfer bonus: what do you need to do?
If you transfer an ISA into a Monzo Stocks and Shares ISA, we may pay you a bonus if you meet all of these conditions:
you’ve opted into the offer and submitted a request to transfer an ISA to a Monzo Stocks and Shares ISA in the app
your Monzo Investments account is open as normal, isn’t closed or restricted at the point you otherwise qualify for the bonus, and isn’t the process of being closed or restricted either
you meet the conditions in the ‘How do we work out if I’ve earned the bonus?’ section below for a 30 day period starting from the day the transfer is completed.
If you don’t meet one or more of these conditions, then we won’t pay the bonus.
How do we work out if you’ve earned the bonus?
Over the 30 days starting from the day your ISA transfer is completed, your ability to withdraw money from your ISA will be limited. You can continue to add to your ISA or withdraw money from it, but if you take out more than you add, you won’t get the bonus.
We work out whether you’ve met this condition by looking at deposits and withdrawals you make after your transfer has been completed.
This means it doesn’t matter if the value of the investments in your ISA falls or rises over the 30 days. All that we measure is whether you’ve withdrawn more than you’ve contributed after your transfer is complete (ignoring the value transferred to us).
If you transfer your ISA out to another provider during the 30 days after your transfer-in completes, you won't get the bonus either.
How much is the bonus, and how is it paid?
The value of the bonus depends on the value of the ISA you transfer-in when the transfer-in to your Monzo Stocks and Shares ISA completes:
| Value of ISA transferred-in | Value of bonus |
|---|---|
| £1,000+ | £10 |
| £2,500+ | £25 |
| £5,000+ | £50 |
| £10,000+ | £100 |
| £20,000+ | £200 |
| £50,000+ | £500 |
After 30 days have passed, if you’ve met the conditions to earn the bonus, we’ll ask you how you want your bonus to be paid in the app. We’ll either invest it in line with your instructions, or pay it into your current account if you ask us to.
If you don’t give us instructions within 7 days, then we’ll automatically add the bonus to your current account. If your current account is in overdraft when you earn your bonus, then we will automatically add the bonus to your current account.
Your previous provider is responsible for transferring your ISA to us in line with your instructions. We aren’t responsible for any delays in the transfer process that they need to complete.
ISA allowances
You’re always responsible for making sure you do not exceed the limit on ISA contributions each tax year. The bonus you receive under these terms will, if paid into your Stocks and Shares ISA, count towards your ISA allowance.
If receiving the bonus into your Stocks and Shares ISA would mean you exceed your ISA allowance, then you must choose to receive the bonus into your current account in the app. If we have reason to believe that the bonus would cause you to exceed your ISA allowance, then we may pay the bonus into your current account as cash even if you’ve asked us to invest it.
Important points
We can refuse to pay your bonus if we suspect fraud, or breach of these terms. We can also withdraw, change, or stop this offer at any time without giving you notice. It’s possible you’ll need to pay income tax on the bonus you receive. Contact HMRC if you’re unsure.
English law applies to this agreement and disputes will be settled by the English courts.
Past versions
